North America BIM Market Insights Forecasts to 2033

• The North America BIM Market Size was valued at USD 3.34 Billion in 2023.
• The Market Size is Growing at a CAGR of 14.7% from 2023 to 2033
• The North America BIM Market Size is Expected to Reach USD 13.16 Billion by 2033

The North America BIM Market Size is Anticipated to Reach USD 13.16 Billion by 2033, growing at a CAGR of 14.7% from 2023 to 2033.

Market Overview

Building Information Modeling is an advanced 3D model software solution that assists AEC architecture, engineering, and construction professionals in gaining insights into project operations. These insights contribute to the efficient planning, design, processing, and construction of entire buildings and infrastructure. Its ability to improve operational performance, decision-making, project cost estimation, and effective collaboration is likely to drive demand for BIM. The increasing construction of residential and industrial buildings is expected to boost the market. Various public and private builders are using the software to improve operational efficiency, with government assistance. The demand for BIM solutions is partly determined by the level of construction activity in a given region. In the United States, it has recovered significantly from the economic downturn to become one of the economy's most important sectors. The United States was an early adopter of BIM solutions, with the General Services Administration implementing a number of proactive measures to promote their use. Many government regulations promote the use of BIM solutions in various regional markets, so BIM technology is expected to grow. Furthermore, many regional private organizations are increasingly shifting to BIM due to its efficient modeling systems, which is driving the North America BIM market growth.

Report Coverage

This research report categorizes for the North America BIM market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America BIM market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America BIM market.

Driving Factors

Many people are migrating to metropolitan cities as technology advances and urban infrastructure improves. This is increasing the demand for additional infrastructure for personal and commercial needs in urban areas. The demand for residential buildings is also increasing in cities. Furthermore, as real estate investments surge, the construction of various commercial structures, government and public buildings, and private facilities grows year after year across countries. This increases the demand for efficient operation handling models. Also, the rising cost of investing in engineering and construction necessitates advanced cost-cutting solutions. Similarly, the market is expected to grow due to the increasing number of smart city projects and high demand for next-generation infrastructure.

Restraining Factors

Before implementing the software, workers must receive formal training and participate in a workshop. This is likely to raise the overall initial cost of investment for implementation. Thus, the need for significant investment is expected to hamper the market growth.

Market Segmentation

The North America BIM market share is classified into component and project phase

• The software segment is expected to hold the largest market share through the forecast period.

The North America BIM market is segmented by component into software and services. Among these, the software segment is expected to hold the largest market share through the forecast period. The growing demand for digital tools in the AEC industry is expected to increase the demand for BIM software. The software also includes BIM objects, which provide 3D CAD drawings with increased operational usability and flexibility. BIM services are expected to be in high demand throughout the forecast period.

• The pre-construction segment is expected to dominate the North America BIM market during the forecast period.       

Based on the project phase, the North America BIM market is divided into pre-construction, construction, and post-construction. Among these, the pre-construction segment is expected to dominate the North America BIM market during the forecast period. The use of BIM in the pre-construction phase aids in defining the entire operation scope, estimating project costs, and designing, and planning workflows. This helps to reduce mistakes and ensure that all challenges are addressed on time.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America BIM market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Autodesk, Inc.
• Asite Solutions Ltd
• Aveva Group PLC
• Bentley Systems Inc.
• Bimeye Inc.
• Clearedge3D Inc.
• Dassault Systems SA
• Hexagon AB
• Nemetschek SE
• Rib Software AG
• Topcon Positioning Systems Inc.
• Trimble Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2023, Diasphere, a BIM VDC services provider for MEP systems based in the United States, introduced a comprehensive working experience that allows for the avoidance of errors and unnecessary financial risks. The company's extensive experience in virtual design and construction enables it to provide constructable BIM content in as little as 24 hours.

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America BIM market based on the below-mentioned segments:

North America BIM Market, By Component

• Software
• Services

North America BIM Market, By Project Phase

• Pre-Construction
• Construction
• Post Construction